Growing as a Supplier
As you grow your supplier business, companies and prospective customers pull your business credit report to gauge your creditworthiness. It’s important that they’re impressed with what they see. Becoming a supplier to a large corporation can lead to a considerable increase in revenue, but may also come with additional costs to fulfill a larger order. You may find yourself needing to purchase additional materials, hire more staff, quickly increase your inventory and possibly even invest in technologies that are compatible with automated ordering systems. When you start competing for larger contracts, you may want to make sure you’re able to access additional funding to get the resources and materials you need.
If you think your company is ready to supply to a Fortune 100 company, you may find that some companies have specific requirement for your D&B scores and ratings. Many larger organizations and government entities require that you maintain a certain level of business credit in order keep your contract. That’s why a lot of suppliers rely on CreditBuilder™, one of the most effective solution for both monitoring and building your business credit, to build and maintain their business credit file. CreditBuilder helps give you control over your business credit file and the kind of information others see when they pull your file. With CreditBuilder, you can submit positive payment experiences* from your vendors and partners, dispute inaccurate information in your file, and help impact your business credit scores and ratings – all of which may help you more easily grow your business.